Property profile

6798 Dixie Hwy Vlg Village of Clarkston, MI 48346

OFF-MARKET
Retail properties & Spaces
7,440 SF 1.55 ac lot
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Property summary

AI-generated overview

This 7,440 square foot retail property, located at 6798 Dixie Hwy in the Village of Clarkston, Michigan (zip code 48346), presents a unique investment opportunity. Situated on a 1.55-acre waterfront lot with ample parking, this high-visibility location boasts 31,755 vehicles per day passing on Dixie Highway, between Main Street and White Lake Road. The existing building, totaling 7,440 square feet, includes a 1,970 square foot office space with a 3,940 square foot walkout lower level featuring full windows on two sides, and a 3,500 square foot adjacent cinema. The property features seven bathrooms. Both the office and cinema have been vacant for several years, presenting potential for renovation, repurposing, or demolition and new construction. The property is zoned for a variety of uses, including C-1, C-2, C-3, C-4, O-1, O-2, PUD, and PRU. The asking price is $895,000 ($120.30/sq ft), and the owner is open to negotiating land lease or land contract terms. This prime location offers significant potential for redevelopment and is in close proximity to downtown Clarkston.

Property profile

Verified
Property type Retail properties & Spaces
Total area 7,440 SF
Lot 1.55 ac (67,518 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6798 Dixie Hwy Vlg Village of Clarkston, MI 48346
Village of Clarkston metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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